As Business Owners, everyday decisions are based on whether they make impact long term or short term. Yet too often than not, technology upgrades have been widely neglected thinking “working” workstations are optimised at best. Truth is, outdated devices drain more time and money in so many ways unknowingly.
Here are 5 risks outdated equipment and technology can bring to your business.
- SECURITY RISK
Outdated computers are high risk because it is not equipped to protect it from internal and external attacks. It simply lacks the critical security updates of their newer counterparts. This opens your business to constantly increasing security threats exponentially.
SYSTEM DOWNTIME
Customers don’t just expect uninterrupted and speedy service, they demand it. When systems go down, companies are often left scrambling to deal with a wide range of costly consequences, including brand damage, data loss and lost opportunities.
- PRODUCTIVITY
At some point, we’ve all felt the frustrations with an outdated computer. Older computers have trouble running multiple applications at once, consume more time, electricity and battery life. Instead of working smoothly and continuously, employees with old equipment spend hours to get their devices to work properly.
- CUSTOMER REVIEW/ LOSS OF CUSTOMER REVIEW
We already know outdated devices can create downtime, which affects business operations, brand awareness and opportunities.
Bad word of mouth and written reviews can severely damage customer confidence. Customers and prospects that are savvy on privacy and security may leave to work with your competition due to security risks associated with old technology.
- EQUIPMENT and SUPPORT
The cost of upgrading an older PC is higher compared to the cost of upgrading a new PC. Similarly, the support that goes into preserving obsolete tech can cost more because they will be dealing with software and systems that are no longer available and might need a specialist to repair.
